Here’s how Crocs avoided some of the pain of shipping delays and factory closures

Dina Rudick | Boston Globe | Getty Images A snarled global supply chain is hurting retailers, from shoe brands to department store chains, and threating their performance this holiday season. But Crocs says it has created a playbook to manage through the crisis with mitigated impact. On Thursday, the company’s fiscal third-quarter earnings and sales …

Watch live: CDC panel to vote on Moderna and J&J Covid booster shots

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] A key Centers for Disease Control and Prevention advisory committee is meeting Thursday to discuss booster shots of Moderna and Johnson & Johnson‘s vaccine as well as whether people can …

Don’t bet against Tesla, says former president. But here’s why he’s not a shareholder

The former president of electric vehicle giant Tesla said Thursday he would not bet against the company, noting that it’s emerging as a “formidable competitor” to automakers around the world after the company beat third-quarter earnings expectations. Currently not a Tesla investor, Jon McNeill told CNBC’s “Squawk Box” the stock is “priced to perfection” right …

Twitter buys chat app founded by a serial entrepreneur who sold his first start-up to Yahoo when he was 17

Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images LONDON — Twitter announced that it’s acquired a chat app …

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to drop after hitting an intraday record Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2021. Brendan McDermid | Reuters 2. Southwest, American report …

American Airlines posts profit thanks to federal aid, revenue improves

American Airlines on Thursday reported a $169 million profit for the third quarter thanks to more than $990 million in federal payroll support. Revenue for the quarter totaled $8.97 billion down about 25% from the same period of 2019 but up from the $3.17 billion American brought in a year ago. That was ahead of …

Stocks making the biggest moves before the bell: AT&T, IBM, Crocs, Blackstone & more

Crocs store in New York City. Michael Brochstein | SOPA Images | LightRocket | Getty Images Check out the companies making headlines before the bell: AT&T (T) – AT&T rose 1.5% in premarket trading, after the company beat estimates by 9 cents with an adjusted quarterly profit of 87 cents per share. Revenue also came in …

Boston Celtics star slams ‘dictator’ Xi over Tibet, Tencent scraps team’s NBA broadcast

Enes Kanter #11 of the Boston Celtics handles the ball against the Portland Trail Blazers at The Arena at ESPN Wide World Of Sports Complex on August 02, 2020 in Lake Buena Vista, Florida. Mike Ehrmann | Getty Images Sport | Getty Images GUANGZHOU, China — The National Basketball Association could once again face a …

Southwest Airlines’ October flight cancellations cost carrier $75 million

Passengers check in for a Southwest Airlines flight at Orlando International Airport in Orlando, Florida, U.S., October 11, 2021. Joe Skipper | Reuters Southwest Airlines on Thursday said mass flight cancellations and delays that disrupted travel for tens of thousands of customers earlier this month cost it $75 million. Dallas-based Southwest earlier this month canceled …

Fanatics’ NFT company is worth $1.5 billion, and NFL legend Peyton Manning now owns a stake

Fanatics Founder/Executive Chairman Michael Rubin attends Fanatics Super Bowl Party at College Football Hall of Fame on February 2, 2019 in Atlanta, Georgia. Mike Coppola | Getty Images Sports e-commerce company Fanatics secured another funding round for one of its ventures on Thursday, as the firm wants to align more revenue outside of merchandising. Fanatics’ …